The global camera bag market size was valued at USD 1.14 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 2.7% from 2021 to 2028. The rising adoption of high-end digital cameras among all age groups in developing and developed countries is expected to propel the growth of the market in the forecast period. The growing demand for camera accessories to enhance accessibility, efficiency, and usability of cameras is the major factor driving the market. Camera bags are considered an essential accessory used by professional photographers to fit all gears. The increase in the demand for cameras among urban consumers is propelling the growth of the market over the last few years.
In addition to this, a rise in disposable income allows people to spend more money on luxurious products, which, in turn, has led to significant demand for camera bags. Moreover, the growing popularity of bags in emerging economies due to the rising number of photographers in these countries is one of the major factors driving the market.
The lockdown announced due to the COVID-19 pandemic had disturbed transportation and suspended the supply of raw materials for a short duration. The trade of non-essential consumer goods, including bags and gears, dipped significantly in this pandemic. However, the use of camera bags is expected to increase post-COVID pandemic. The market is projected to register a healthy growth rate in the upcoming years.
The nylon segment accounted for the largest share of more than 29.0% in 2020. This growth is mainly due to the increasing demand for lightweight bags. In addition, increasing demand for high-quality, water-resistant material for the bag is propelling the segment growth.
The leather segment is expected to register the fastest growth rate of 2.9% from 2021 to 2028. The rising popularity and adoption of fashionable graphic printed backpacks will lead to the significant growth of the segment over the forecast period. In addition, leather bags are popular among people due to their strength and mildness, which, in turn, will drive the segment.
The professional photographers segment held the largest share of more than 65.0% in 2020 and is expected to witness considerable growth from 2021 to 2028. Rapidly increasing professional camera users around the globe have created immense opportunities for the manufacturers and distributors of the products.
The non-professional photographers segment is expected to register the fastest CAGR of 2.9% from 2021 to 2028. Increasing demand for comfortable bags from photographers is one of the driving factors for the segment. Moreover, the growing trend of using camera safety products is projected to boost the segment growth in the upcoming years.
The offline channel accounted for the largest share of more than 65.0% in 2020. Producers of bags use the traditional retail channel to sell by advertising and marketing. Offline channels are expected to remain dominant as they provide a choice of physical verification of the camera bag at the time of purchase.
The online distribution channel is expected to register the fastest CAGR of 2.9% from 2021 to 2028. The growing e-commerce business across the globe is a key driving factor for keeping economies running during the COVID-19 pandemic. Moreover, online shopping portals and mobile apps are getting popular among the young population group, who are the major consumers of the industry at the global level.
The backpacks segment held the largest share of more than 30.0% in 2020 and is expected to witness significant growth from 2021 to 2028. The popularity of camera backpacks is increasing due to the availability of a wide range of products, like smart and innovative backpacks with anti-theft alarms and GPS tracking.
The shoulder bags segment is expected to expand at the fastest growth rate of 3.0% from 2021 to 2028. Shoulder bags are easy to carry and suitable for multiple end users ranging from photography students to professional photographers.
North America captured the largest share of over 30.0% in 2020. The U.S. is leading in the North American market and will continue to dominate in the forecast period due to the increasing number of camera users. Moreover, the growing interest of the people in photography and technological advancement in the manufacturing sector are propelling the market growth in this region.
Asia Pacific is expected to register the fastest CAGR of 3.1% from 2021 to 2028. Increasing disposable income of the people and growing interest in photography among the consumers are anticipated to significantly drive the regional market in the forecast period. Increasing demand for digital cameras and camera accessories in developing economies, like India and China, is further propelling the market growth.
The market is characterized by the presence of various well-established players. Camera bag manufacturers are offering bags with innovative features, which make optimal solutions for professional photographers. Recently, The Vitec Group plc has launched a ProTactic BP 350 AW II camera bag, a modular backpack. The manufacturers are following aggressively organic and inorganic strategies to expand their footprints across the globe. Some prominent players in the global camera bag market include:
|
Report Attribute |
Details |
|
Market size value in 2021 |
USD 1.16 billion |
|
Revenue forecast in 2028 |
USD 1.44 billion |
|
Growth Rate |
CAGR of 2.7% from 2021 to 2028 |
|
Base year for estimation |
2020 |
|
Historical data |
2017 - 2019 |
|
Forecast period |
2021 - 2028 |
|
Quantitative units |
Revenue in USD million/billion and CAGR from 2021 to 2028 |
|
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments covered |
Product, material, end use, distribution channel, region |
|
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
|
Country scope |
U.S.; Germany; U.K.; China; India; Brazil; South Africa |
|
Key companies profiled |
The Vitec Group plc; Thule Group; Vanguard; WANDRD; BENRO; Crumpler Pty Ltd.; Tamrac; Lap Shun Manufacturing Co Ltd.; The Tiffen Company, LLC; Nomatic; M Billingham & Co Limited; TENBA; Altura Photo |
|
Customization scope |
Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Million Insights has segmented the global camera bag market report on the basis of product, material, end use, distribution channel, and region:
Sign up today.
Call us at +1-408-610-2300 to speak with a
representative.
All Reports
